advice on hopefully becoming a landlord!

orcocan

you're 27, what's the rush?!? buy your main home using a good chunk of your savings so that you can get a very good rate (low ltv). You save loads in interest payments and a few years down the line you can re assess your options. You can always release some of the equity you'll have built on your home to purchase a second property if you really want to. You need to diversify your risk, having some savings invested in the financial markets will do that. Having massive exposure to your local property market and being overleveraged to that extent is just plain silly. Sorry for being blunt.

Thrugelmir

gary5000 wrote: »

im self employed books show around £50,000 each year. I have no pension like most self employed people now a days. The idea of the investement flat will work as a pension in the long run.

ISA's and pensions have an immediate tax advantage.

charliexyz

Getting your own place and not paying rent is probably the best thing you can do, and you can do this with the view of letting it out when you think of 'settling down'!

You could take a punt on getting a flat in an upcoming area, rather than buying somewhere already expensive. Or somewhere that needs fixing up.